Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Investment income
Interest income	$ 33,771,000	$ 24,617,000	$ 8,822,000
Payment-in-kind interest income	1,962,000	1,609,000	739,000
Dividend income	160,000	73,000	52,000
Fee income	178,000	113,000	21,000
Total investment income	36,071,000	26,412,000	9,634,000
Expenses
Base management fee	3,466,000	2,150,000	832,000
Incentive fee	3,256,000	2,739,000	930,000
Professional fees	784,000	520,000	688,000
Administrative service fee	459,000	258,000	103,000
General and administrative expenses	115,000	149,000	101,000
Total expenses	8,080,000	5,816,000	2,654,000
Base management fee waived (Note 4)	(543,000)	(999,000)	(676,000)
Incentive fee waived (Note 4)	0	0	(319,000)
Operating expenses reimbursement waived (Note 4)	0	0	(195,000)
Net expenses	7,537,000	4,817,000	1,464,000
Net investment income - before tax	28,534,000	21,595,000	8,170,000
Excise tax	0	28,000	40,000
Net investment income - after tax	28,534,000	21,567,000	8,130,000
Net realized gain (loss) from:
Investments	0	10,000	7,000
Forward currency contracts	0	(211,000)	0
Foreign currency transactions	7,000	17,000	6,000
Net realized gain (loss) on investment transactions	7,000	(184,000)	13,000
Net change in unrealized appreciation (depreciation) from:
Investments	716,000	3,013,000	847,000
Forward currency contracts	(100,000)	9,000	(194,000)
Translation of assets and liabilities in foreign currencies	146,000	248,000	204,000
Net change in unrealized appreciation (depreciation) on investment transactions	762,000	3,270,000	857,000
Net gain (loss) on investment transactions	769,000	3,086,000	870,000
Net increase (decrease) in net assets resulting from operations	$ 29,303,000	$ 24,653,000	$ 9,000,000
Per Common Share Data
Basic earnings (losses) per common share (Note 11) (in dollars per share)	$ 1.24	$ 1.60	$ 1.47
Diluted earnings (losses) per common share (Note 11) (in dollars per share)	$ 1.24	$ 1.60	$ 1.47
Basic weighted average common shares outstanding (Note 11) (in shares)	23,647,622	15,431,006	6,113,779
Diluted weighted average common shares outstanding (Note 11) (in shares)	23,647,622	15,431,006	6,113,779

Golub Capital Direct Lending Unlevered Corp 10-K